In important industries and priority fields, the establishment of large enterprise groups should be encouraged in order to increase their competitiveness in both domestic and foreign markets. In boosting enterprise groups, we should persist in taking the market as our orientation, break departmental, regional and ownership barriers, and support association between strong enterprises so that they will take advantage of each other’s strengths. In accelerating the reorganization and readjustment of state-owned enterprises, we should encourage strong enterprises to merge with difficulty-ridden ones so as to make more efficient use of resources. We should declare bankrupt according to regulations those loss-making enterprises whose long-time difficult situation is unlikely to end. Government at all levels should be concerned about and support the effort of redirecting surplus employees of enterprises to improve business efficiency.
要积极稳妥地进行股份制和股份合作制的改革。对具备条件的大中型企业实行规范的公司制，根据市场情况，允许一些企业上市发行股票。企业改制要真正转变经营机制，实行政企分开，明确国家和企业的权利和责任，完善内部管理制度，防止国有资产流失。要采取从改组、联合、兼并、租赁、承包经营和股份合作制、出售等形式，加快搞活国有小企业的步伐。要把经营自主权真正放给企业，实行自负盈亏，使小企业能够更加灵活地适应市场。
Reform will take place actively and steadily in matters concerning the establishment of the joint share system and the joint stock cooperative system. We shall corporatize large and medium-sized enterprises in a standard way where conditions permit, allowing some enterprises to be listed and issue stocks in accordance with market conditions. In the reform of enterprises, we shall overhaul their operational procedures, separate government functions from enterprise management, and delineate the rights and responsibilities of the state and enterprises. Meanwhile, we should improve the internal management system and prevent the devaluation of state assets. We should accelerate the pace of relaxing control over small state-owned enterprises and invigorating them by way of reorganization, association, merging, leasing, contract operation, the joint stock cooperative system and sell-off. We should make sure that the right to independent operation is delegated to small enterprises so that they can be responsible for their own profits and losses and adapt themselves to the market in a more flexible way.
企业管理部门要转变观念，使生产经营和内部管理适应市场的要求。在任何时候都要重视加快技术进步和新产品开发。要不断调整产品结构，加强市场营销，改善售后服务，降低成本，提高质量，增强竞争能力。
The management of enterprises should change their outdated way of thinking so that production, operation and internal management can meet the needs of the market. At any time, importance must be attached to the work of speeding up technological progress and developing new products. We must readjust the product mix on a regular basis, improve marketing and after-sale services, reduce production cost and upgrade quality, so as to become stronger competitors in the market.
